Bengaluru, July 23, 2026 (BFN Bureau): Mygate, India’s community management platform, announced the launch of MIRA (Mygate Intelligent Response Assistant), a suite of AI-powered capabilities aimed at automating financial and administrative workflows for Resident Welfare Associations (RWAs) and housing societies.
The largest 25% of communities on Mygate manage an average of 700 homes, collect over ₹3.5 crore in annual maintenance, and disburse more than ₹3.2 crore annually across over 40 vendors. Despite this scale, many financial management processes, such as vendor invoice verification and payment reconciliation, still rely on manual workflows. In pilot communities using MIRA, treasurers and accountants reported a reduction of up to 70% in time spent on these routine tasks.
Features of MIRA
MIRA integrates AI into financial workflows, assisting committees and treasurers in completing operational tasks more efficiently. The capabilities include automatic extraction of information from vendor invoices, payment reconciliation, vendor transaction analysis, collections tracking, and identification of overdue accounts, providing actionable financial insights in seconds.
Quote from Mygate
Shreyans Daga, Co-founder & CPO of Mygate, stated, “Running a housing society is far more operationally intensive than most people realize. Committee members and treasurers are responsible for managing finances, vendors, collections, compliance and resident queries—often alongside their full-time jobs. Much of this work remains manual and time-consuming. With MIRA, tasks that once took hours can now be completed in seconds, enabling faster decisions, stronger financial governance and significantly less administrative burden for committees.”
Key Takeaways
- Mygate launched MIRA, an AI-powered suite for housing societies.
- MIRA automates financial workflows, reducing manual effort.
- Pilot communities reported up to 70% time savings on routine tasks.
- Mygate serves over 27,000 communities and 5.7 million homes.
